Welcome or Register
Back to Home Page
$649,900 Contingent - Financing
106 S Brown
Jackson, MI 49203
26 units | Multi Family Home
0.65 acre lot - MLS# 201601853
Property Photo
1/12

Description

This property is a great opportunity to grow cash-flow and build wealth. Hasn't been offered for sale in decades, this is a once in a lifetime opportunity to buy this iconic apartment building in Summit Township. Twenty Six one bedroom apartments currently at 100% occupancy, these apartments rent extremely quickly! Building is a perfect location, just outside of the city limits yet still offers convenient location for shopping, commute and walking distance to Cascades Park. Covered carports offered to tenants along with frontage on two roads for easy access.

Features

  • Zoning: Residential
  • Unit 1 # Rooms: 4
  • Unit 1 # Of Parking: 1
  • Unit 1 # Full Baths: 1
  • Unit 1 # Bdrms: 1
  • Trash Removal Paid By: Owner
  • Trash Rem Exp: 5000
  • Township: Summit
  • Total Expense: 103754
  • Taxes Paid By: Owner
  • Subdivision/Neighborhood: Websters Addition
  • Subdivision: Websters Addition
  • Sub Type: 5 Or More Units
  • Unit 1 Curr. Mo. Rent: 600
  • Unit 1 Sq Ft: 800
  • Zip Code: 49203
  • Year Built: 1940
  • Wtr/Sew Exp: 6000
  • Water/Sewer Paid By: Owner
  • Water/Sewer: Community/Public Water, Community/Public Sewer
  • Units: 26
  • Unit 2 Sq Ft: 800
  • Unit 2 Curr. Mo. Rent: 550
  • Unit 2 # Rooms: 4
  • Unit 2 # Of Parking: 1
  • Unit 2 # Full Baths: 1
  • Unit 2 # Bedrooms: 1
  • Style: 3 Story
  • Sq.Ft.: 20000
  • Insurance Exp: 9417
  • Heat/Cool: Hot Water Heater
  • Gross Rent: 137489
  • Gas Paid By: Owner
  • Gas Exp: 12000
  • Fuel Type: Natural Gas
  • Foundation: Full Basement, Finished Basement
  • Flooring: Carpeting, Vinyl/Laminate, Wood, Tile
  • Exterior: Brick
  • Electric Paid By: Owner
  • Electric Exp: 12000
  • County/Area: Jackson County
  • Insurance Paid By: Owner
  • Listing Status: Contingent - Financing
  • Source Of Sqft: Assessors Data
  • School District: Jackson
  • Road Type: Paved, Paved Driveway
  • Property Type: Multi Family Home
  • New-Occupied: Pre-Owned
  • Net Income: 33735
  • Mgmt Exp: 8249
  • Management Paid By: Owner
  • Maintenance Exp: 18861
  • Maint Paid By: Owner
  • Lot Size: 286x128x82
  • Lot Front: 286
  • Acres: 0.6500

Courtesy of:

  • More info
  • Zach Williams
    ERA Reardon Realty - Jackson
    Direct: 517-315-1111
    Office: 517-782-2996
    Fax: 517-782-3688
    Email: Zach.Williams@Era.com
    Website: www.ZachTheRealtor.com

       youtube1-2.jpg picture by erareardon
  • More info

©2017 Jackson Multiple Listing Service, Inc. All rights reserved. Information deemed reliable but is not guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Jackson MLS. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Information provided is for consumer's personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. does not display the entire Jackson MLS database on this website. The listings of some real estate brokerage firms have been excluded. This site will be monitored for 'scraping' and any use of search facilities of data on the site other than by a consumer looking to purchase real estate, is prohibited. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2017-04-30.

Contact ERA Reardon








* fields are required